Problem 6-7 Answer the rollowing questions related to Marin Inc Marin Inc. has $636,700 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $89,187 at the end of each year for 11 years, and the other is to receive a single lump- sum payment of $1,816,582 at the end of the 11 years. Which alternative should Marin select? Assume the interest rate is constant overthe entire investment Marin Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $787,600. The purchase agreement specifies an immediate down payment of $184,200 and semiannual payments of $74,394 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? % semiannually Marin Inc. loans money to John Kruk Corporation in the amount of $866,000. Marin accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Marin needs money and therefore sells the note to Chicago National Bank, which demands interest on the note or 10% compounded semiannually. what is the amount Marin will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Amount received on sale of note Marin nc. wishes to accumulate $1 321,000 by December 31 2027 to retire bonds outstanding. The company deposits S184 200 on December 31 2017 which will earn interest at 10% compounded quarteri- to help the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,321,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 10%, compounded quarterly.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.9-458,531.) Annuity of vaue of auartery